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Arbitrum Statistics (2022)

Arbitrum Statistics (2022)

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Written by Alchemy

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Reviewed by Brady Werkheiser

Published on June 2, 20223 min read

Arbitrum is the leading layer 2 Ethereum scaling solution that uses optimistic rollups (ORUs). In this article, we curated data points from multiple public dashboards to highlight the trends and chain activity statistics on Arbitrum.

As of May 19, 2022, there were a total of 621,841 unique addresses on Arbitrum. On May 19, 2022, there were 3,634 new unique addresses added, for the week of May 19th, 2022, there were 24,338 new unique addresses added, and there were 101,322 new unique addresses on Arbitrum added in the past month.

Arbitrum Unique Addresses Chart
Source: Arbiscan

On average Arbitrum processes 39,138 transactions a day. On May 19, 2022, 90,118 transactions were processed on Arbitrum. This is a 32.61% decrease from the monthly high, which occurred on May 9th, with 133,735 transactions. The highest ever number of daily transactions on Arbitrum occurred on Sunday, September 12, 2021, with 267,608 transactions.

Arbitrum Daily Transactions Chart
Source: Arbiscan

On May 19, 90,118 transactions were processed on Arbitrum. Meanwhile, 1,093,367 transactions were processed on Ethereum during the same time period, which is 12 times as many transactions as Arbitrum. 

While this is a daily snapshot, from the historical chart below, this difference in transaction volume between Arbitrum and Ethereum has been consistent since February of 2022.

Transactions Ethereum vs Arbitrum
Source: Nansen

On average Arbitrum executes 20 verified contracts per day. On May 19, 2022, 24 verified contracts were executed on Arbitrum. This is a 57.14% decrease from the monthly high, which occurred on May 1st, with 56 executed contracts. 

The highest ever number of verified smart contracts that were executed in one day occurred on Sunday, September 12, 2021, with 149 executed contracts.

Arbitrum Daily Verified Contracts Chart
Source: arbiscan.io

Daily Arbitrum Gas prices have been trending between local highs and lows of $4.57 and $0.42 respectively since March 19th excluding an outlier on May 1st, 2022.

Average Daily Gas Paid Ethereum vs Arbitrum
Source: Nansen

On average, daily Arbitrum gas prices are approximately 10 times cheaper than daily Ethereum gas prices. Daily Ethereum gas prices have been trending between local highs and lows of $44 and $4.98 respectively since March 19th compared to $4.57 and $0.42 for Arbitrum.

A total of 396,583 deposits have been made on Arbitrum as of May 19th, 2022.

Total Deposits Into Arbitrum Inbox
Source: @0xlovebug

Over the previous 30 days, 49,219 total deposits were made, which is an increase of 101% from the previous month, which had 24,468 deposits.

Arbitrum Deposits in the last 30 days
Source: @0xlovebug

Over the previous week, 13,798 total deposits were made, a 77% increase from the previous week, which had 7,776 deposits.

Arbitrum Deposits in the last 7 days
Source: @0xlovebug

A total of 279,892 unique deposit addresses are on Arbitrum as of May 19th, 2022.

Arbitrum Unique Deposit Addresses
Source: @0xlovebug

There have been 12,565 total unique deposit addresses added in the last week. This is an increase of 95.5% from the previous week, which had 6426 unique deposit addresses added.

Arbitrum Unique Addresses Last 7 Days
Source: @0xlovebug

There have been 41,387 total unique deposit addresses added in the last month. This is an increase of 134% from the previous month, which had 17,690 unique deposit addresses added.

Arbitrum Unique Addresses Last 30 Days
Source: @0xlovebug

As of May 19th, 2022, Arbitrum’s TVL is 2.65B. This is a 35.8% decrease from the peak Arbitrum TVL, which was 4.13B on Apr 5, 2022. 

Arbitrum TVL
Source: L2Beat Research Team

Multichain protocol has the highest TVL on Arbitrum of $252,759,670. This is 10x higher than the protocol with the 10th highest TVL, Balancer (25,127,300).

TVL Ranking by Protocol
Source: Footprint Analytics

Arbitrum is the leading layer 2 Ethereum scaling solution that uses optimistic rollups (ORUs), and based on the latest 2022 statistics, is showing healthy growth in terms of:

  • unique addresses

  • transaction volume

  • deposit addresses

  • total deposits

Although the entire market has been in a down trend since the beginning of the year, user-based statistics show that Arbitrum’s ecosystem, user activity, and developer communities and growing despite lower TVL and token prices.

Sign up for a free Alchemy account to start developing on Arbitrum.

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